Category: Artificial Intelligence

Ecommerce personalization is expected by 83 percent of all consumers. This strategy is dependent on artificial intelligence or AI, and significantly boosts consumer sales. Multi-variate testing allows businesses to use algorithms to define the preferences, past and future purchasing requirements, and overall behavior of consumers. The process is automated, efficient, fast and the insights provided are high quality.

AI provides consumers with recommended products based on their personal preferences. This technology can be accessed from the smallest business to the massive companies. This strategy is incredibly effective because consumers are being presented with products that appeal to their individual preferences. The future behavior of the consumers can be accurately predicted using a few key metrics.

Multi-variate testing can accomplish in a few months what would take a team of employee’s years. Businesses are using real time data to turn consumer visits into sales. Instead of individually tracking the various factors including a call to action, website navigation, or consumer preferences, all these factors are tracked simultaneously with AI. The different tests are effectively analyzed, an enormous quantity of ideas are considered, and time is saved because the wrong metrics are no longer pursued.

Businesses are using multi-variate testing to determine which customers are most likely to remain, and which will leave. The technology cleans up the company’s datasets including account length, usage, location and churn. The initial parameters still require some tweaking to eliminate any errors in predictions, but the process is being perfected. This allows marketers to use a proactive approach, so their opportunities are precisely targeted. The multi-variate testing algorithms allow the brand to gain confidence from the consumers. This process will eventually retain customer loyalty with nothing more required than a small discount.

The key to sales is customer satisfaction. This is accomplished by monitoring customer data. This creates transparence, which can be used to help control website clicks, mobile device usage, social posts, and shopping cart behavior. AI can even be used to interpret social media networks. Algorithms reveal the way brands are referenced using real time. This allows for more positive promotions with less complaints. Business decisions can be based on negative or positive responses.

Customer service must be personalized to the greatest possible degree. The amount of data available must be used to effectively ensure every buying experience is unique and satisfactory for the consumer. This requires the use of AI technology to stay ahead of the competition, and keep customers coming back.